
Courtesy of: Robert S. Scaglione, RE/MAX Edge, savalotrealty@yahoo.com
$3,800,000
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Lot: 0.05 Acres
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Mixed Use
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$3,800,000
332 Kings Highway Brooklyn's Best Corner Commercial Investment Building for Sale. Welcome to an exceptional income -producing opportunity in a Prime Bensonhurst location. This solid corner FREE MARKET brick property spans over 6414 square feet with 3 stories, 23 feet by 93 feet long of fine colorful yellow brick and architecture & a 11-foot black entrance door to residence entry. The residential units consist of FOUR 2-bedroom renovated apartments and a 1650 square foot first floor duplex featuring 3 bedrooms, 2 full bathrooms, 2 living rooms, 2 kitchens, a home office ideal for the virtual businessperson. Commanding a a premium rental income. In Addition, Store # 1 is a Prime Corner KINGS HIGHWAY Hair Salon with 20 feet front & 16 feet side windows exposure can be seen. Excellent Income of $5047. per month plus Sept 2026 the Real Estate tax of 25 % kicks in of the current then R.E. tax to be paid by the store tenant. Store # 2 has an independent new store front currently a medical billing office on the side building. The current rent is $2912. which includes partial front half of basement. The rental income is $ 2912. per month. Currently the building income is $259, 008. with expenses of approximately $38, 000. NOI $221, 000. With moderate rent increases for next year $279, 000. Easily can offer much higher potential rental income with more # of individuals renting in the apartment. The potential upside to building up 6-7 stories, zoning R7A-2 commercial inlay. To build Condos. ALL Functional building equipment has been replaced in the past 5 years. New - Gas heating system, 43 Windows, New EPDM roof, upgraded electric per apartment, hallway painted., brick pointing, steam cleaning, outside concrete. If you are an investor seeking a stable investment with dependable rents and low building maintenance this is your opportunity you won't want to miss. Owner will consider holding some financing.
Courtesy of: Robert S. Scaglione, RE/MAX Edge, savalotrealty@yahoo.com
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